3,345 Shares in Airbnb, Inc. $ABNB Purchased by Alamea Verwaltungs GmbH

Key Points

• Alamea Verwaltungs GmbH has acquired a new stake in Airbnb, purchasing 3,345 shares valued at approximately $400,000 during the first quarter.
• A significant portion, 80.76%, of Airbnb's stock is owned by institutional investors, indicating strong institutional interest in the company.
• Airbnb reported $1.03 EPS for the quarter, exceeding the consensus estimate, and generated revenues of $3.10 billion, marking a 12.7% year-over-year increase.

Alamea Verwaltungs GmbH bought a new stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,345 shares of the company's stock, valued at approximately $400,000.

A number of other institutional investors also recently made changes to their positions in the business. Quarry LP acquired a new position in shares of Airbnb in the 1st quarter valued at approximately $182,000. DRW Securities LLC raised its position in shares of Airbnb by 47.7% in the 1st quarter. DRW Securities LLC now owns 2,888 shares of the company's stock valued at $343,000 after purchasing an additional 933 shares in the last quarter. Pinnacle Wealth Planning Services Inc. acquired a new position in shares of Airbnb in the 1st quarter valued at approximately $217,000. Consulta Ltd bought a new stake in shares of Airbnb in the 1st quarter valued at approximately $149,325,000. Finally, Vident Advisory LLC raised its position in shares of Airbnb by 8.5% during the 1st quarter. Vident Advisory LLC now owns 29,836 shares of the company's stock valued at $3,564,000 after acquiring an additional 2,344 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $137.58, for a total value of $82,548.00. Following the completion of the transaction, the chief technology officer owned 210,377 shares of the company's stock, valued at approximately $28,943,667.66. This represents a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Nathan Blecharczyk sold 2,246 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $125.20, for a total value of $281,199.20. Following the completion of the transaction, the insider directly owned 182,514 shares of the company's stock, valued at approximately $22,850,752.80. The trade was a 1.22% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,434,296 shares of company stock valued at $191,087,168. Company insiders own 27.91% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ABNB shares. BTIG Research reissued a "neutral" rating on shares of Airbnb in a research report on Wednesday, May 28th. Cantor Fitzgerald reissued an "underweight" rating and set a $100.00 price target on shares of Airbnb in a research report on Wednesday, May 14th. Royal Bank Of Canada upped their price target on Airbnb from $140.00 to $145.00 and gave the company a "sector perform" rating in a research report on Thursday, August 7th. Barclays set a $105.00 price target on Airbnb and gave the company an "underweight" rating in a research report on Thursday, August 7th. Finally, Needham & Company LLC restated a "hold" rating on shares of Airbnb in a research note on Wednesday, May 14th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nineteen have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $142.66.

Airbnb Trading Up 0.4%

ABNB traded up $0.47 during trading on Thursday, reaching $125.37. 6,052,117 shares of the company were exchanged, compared to its average volume of 5,238,910. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93. The stock has a market cap of $77.91 billion, a P/E ratio of 30.36, a PEG ratio of 2.38 and a beta of 1.13. The firm has a 50 day moving average of $132.02 and a 200 day moving average of $129.99.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.11. Airbnb had a return on equity of 32.19% and a net margin of 22.67%.The company had revenue of $3.10 billion during the quarter, compared to analysts' expectations of $3.02 billion. During the same quarter in the prior year, the business posted $0.86 earnings per share. The company's revenue for the quarter was up 12.7% compared to the same quarter last year. As a group, analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

About Airbnb

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.